Types of concession

We offer a range of concession on professional fees. Below you can find the criteria for each concession.

How to apply for a professional fee concession in 2018

If you had an ill-health, maternity, paternity, adoption, family raising or unemployed concession in 2017 you will receive a mailing pack from RICS inviting you to reapply for a concession in 2018.

Please note that ill-health, maternity, paternity or adoption, family raising and unemployed concessions require a new application each year. This application must be received before 31 December 2017.

Professionals who benefited from the part-time, non-practising, academic, retired or dual membership concession in 2017 will automatically be eligible for 2018 and need not apply this year.

If you are no longer eligible for the part-time, non-practising, academic, retired or dual membership concession you must inform us immediately. You can do this by emailing professionalrenewals@rics.org

It is important that you notify us if your circumstances have changed. As part of the audit process you may be selected to provide evidence of your status. Where any false declarations are made, disciplinary action will be taken.

If you did not receive a concession in 2017 and think you could be eligible to apply against your RICS 2018 professional fee please log on to rics.org/concessions and follow the simple steps.

To qualify for a concession you must meet the requirements set out. You may apply for a concessionary professional fee for 2018 if you meet one of the criteria detailed below.

Non-practising

A non-practising concession is available for those professionals who no longer work within the Surveying Profession for remuneration. The Surveying Profession is defined as any activity or specialism within the responsibilities of any of the Professional Groups. This is a wide definition and includes, for example, those professionals who are in management or administrative jobs which benefit from their surveying qualification and/or experience. However, payments received for services as a Non-Executive Director are allowed, provided the professional receives no other remuneration and does not expect to return to work in the future for remuneration.

The non-practising/no longer working within the surveying profession concession reduces the annual professional fee by 50%.

See below for the concession available to those who are unable to work due to ill-health or incapacity.

This concession will be applied on a perpetual basis. If your circumstances change you must advise RICS immediately and arrange to pay the full professional fee.

If you are a member of the Valuer Registration Scheme or have a Regulated firm, you must de-register. Details can be found at rics.org/deregistration If you have any questions please contact Regulation via email regulation@rics.org or telephone +44 (0)20 7695 1670.

Part-time

A concession is available for those professionals who are currently employed on a part-time basis in the surveying profession.

The part-time concession reduces the annual fee by 50%.

This concession will be applied on a perpetual basis. If your circumstances change you must advise us immediately and arrange to pay the full professional fee.

Unemployed/seeking work

A concession is available for the annual fee for those professionals who are currently unemployed and seeking work.

If you are a member of the Valuer Registration Scheme or have a Regulated firm, you must de-register from Regulation. Details can be found at rics.org/deregistration

This concession only applies to the current year, professionals must re-apply each year. Full CPD obligations apply to unemployed professionals and details can be found at rics.org/cpd

Academic

As an academic whose income is derived from the teaching of surveying related courses in the higher education sector, you could be entitled to a reduced annual professional fee.

The academic concession reduces the annual professional fee by 50%.

This concession will be applied on a perpetual basis. If your circumstances change you must advise us immediately and arrange to pay the full professional fee. Full CPD obligations apply for academic professionals and details can be found at rics.org/cpd.

Maternity, paternity or adoption

A concession is available for those professionals who are on maternity, paternity or adoption leave.

The maternity, paternity or adoption concession reduces the annual professional fee by 100%.

This concession only applies to the current year, professionals must re-apply each year. Please contact Regulation separately about your CPD obligation as you may not be automatically exempt from the requirement. Please email regulation@rics.org

If you are a member of the Valuer Registration Scheme or have a Regulated firm, you must de-register from Regulation. Details can be found at rics.org/deregistration.

Family-raising concession

A concession is available for those professionals who are currently taking a career break to raise a family and not working for remuneration.

The family raising concession reduces the annual professional fee by 90% and is limited to an aggregate maximum of five years. Professionals are free to decide in relation to which child(ren) under 16 they spread the concession period over, but one professional cannot claim more than a total of five years in aggregate over the period of their qualification.

If you are a member of the Valuer Registration Scheme or have a Regulated firm, you must de-register from Regulation. Details can be found at rics.org/deregistration.

This concession only applies to the current year, professionals must re-apply each year. Please contact us separately about your CPD obligation as you may not be automatically exempt from the requirement. Please email regulation@rics.org

Retired concessions

A concession is available for professionals who are no longer working in any capacity for remuneration and who do not expect to return to work in the future for remuneration. For this purpose, the re-imbursement of expenses and the receipt of dividends from a company are not 'remuneration', but payments to Executive Directors of companies are considered as remuneration. If professionals retire part-way through the year they are eligible for this concession, on a pro-rata basis.

The retired concession reduces the annual professional fee by 90%.

This concession will be applied on a perpetual basis. If your circumstances change you must advise RICS immediately and arrange to pay the full professional fee.

Ill-health concession

A concession is available for the annual professional fee for those professionals who are currently unable to work due to ill-health or incapacity.

The ill-health concession reduces the annual fee by 90%.

This concession only applies to the current year, and professionals must re-apply each year. Please contact us separately about your CPD obligation as you may not be automatically exempt from the requirement. Please email regulation@rics.org

You might be eligible for support from LionHeart, the RICS benevolent fund, please contact them to discuss your circumstances - lionheart.org.uk or 0845 6039057.

Dual membership concession

RICS recognises that some of its professionals are also members of organisations from whom they derive many member benefits. If you fit this description, and hold membership of one of the organisations below, we’d like to offer you the chance to benefit from the dual membership concession.

Professionals are only eligible for one dual concession but can also be eligible for one other personal concession each subscription year.

If you think you could be eligible, please:

complete and sign the application form

provide a scanned copy of your certificate or valid membership card of the other organisation as proof of membership

If you are already in receipt of a concessionary rate for dual membership there is no need to re-apply for a reduced rate in 2018. Your renewal notice will automatically reflect the reduced membership rate.

Australia Property Institute (API)

Australian Institute of Building Surveyors (AIBS)

Australian Institute of Quantity Surveyors (AIQS)

Hong Kong Institute of Surveyors (HKIS)

Hong Kong Institute of Housing (HKIH)

Institution of Surveyors Australia (ISA)

Institute of Surveyors, Malaysia (ISM)

New Zealand Institute of Quantity Surveyors (NZIQS)

New Zealand Institute of Surveyors (NZIS)

New Zealand Real Estate Agents Authority (REAA)

Property Institute of New Zealand (PINZ)

Singapore Institute of Surveyors and Valuers (SISV)

Society of Chartered Surveyors in Ireland (SCSI)

South African Council for the Quantity surveying profession (SACQSP)

South African Council for the Property Valuers Profession (SACPVP)

Please note, there are no reciprocal agreements with these bodies in respect of CPD and you will be expected to comply with your RICS CPD requirements.

Applications

To apply for your RICS 2018 concession, log on to rics.org/concessions and just follow the simple steps.

CPD

Professionals are required to undertake and record appropriate Continuing Professional Development (CPD).